IT spending: The true story

[welcomewiki]

IT spending in `09: Little known facts

It is not tough to conclude that the current economic turmoil will hurt global IT spending. Research reports by all agencies point towards a decline in IT spending in 2009. However, in which areas will the fall be steepest? Will there be some areas which will be less affected than the others? What will be the key potholes in the growth path? Will it be too much to expect growth in any area? And of course, when will the recovery start? Here’s a complete picture.

Similar Threads:

• ****** in a Rajshri show? Oh! It’s true
• True love
• Holly and jessica story
• MTV Bakra Full Story

[welcomewiki]

It’s not recession!

The biggest factor affecting the tech market is not recession but the breakdown of the financial system. The credit crunch is causing many companies to dramatically cut back on all forms of capital investment, including many IT goods and services, according to Forrester. Also, the fact that the worst-hit BFSI sector was the biggest client for most IT companies, including Indian IT majors, is severely impeding the recovery process.

[welcomewiki]

Software market to remain positive

Mail to friend Gartner has cut forecasts for the key sectors such as hardware, software, IT services and telecom, with only software spending growth remaining positive. According to the research firm, the software market would fare better than in 2001 as it is more mature. However, it would be impacted by lower budgets and delays in hardware implementations. Spending in software maintenance would largely be preserved.

[welcomewiki]

SaaS, open source to see growth
	Mail to friend Vendors with SaaS, virtualization capabilities and a good open source strategy would see opportunities. Spending on mission-critical product support would be maintained. Supporting current complex IT installations is both necessary for continued operations and a strategy for slowing down technology refresh cycles. Also, IT remains essential to running most businesses.

[welcomewiki]

Storage to be least affected
	Mail to friend According to Gartner, Storage would be least impacted hardware product, whereas virtualization would be a drag on the server market. Gartner said global PC unit shipment would contract 9.2 percent during the year, though mini notebooks units would grow.